15, June 2024
World leaders meet at Swiss peace conference on Ukraine – without Russia 0
The presidents of Ecuador, Ivory Coast, Kenya and Somalia will join many Western heads of state and government and other leaders at a conference this weekend aimed to plot out first steps toward peace in Ukraine – with Russia notably absent.
Swiss officials hosting the conference say more than 50 heads of state and government, including Ukrainian President Volodymyr Zelenskyy, will join the gathering at the Bürgenstock resort overlooking Lake Lucerne. Some 100 delegations including European bodies and the United Nations will be on hand.
Who will show up – and who will not – has become one of the key stakes of a meeting that critics say will be useless without the presence of Russian President Vladimir Putin’s government, which invaded Ukraine in February 2022 and is pushing ahead with the war.
U.S. Vice President Kamala Harris is set to attend while Turkey and Saudi Arabia have dispatched their foreign ministers. Key developing countries like Brazil, an observer at the event, India and South Africa will be represented at lower levels.
China, which backs Russia, is joining scores of countries that are sitting out the conference, many of whom have more pressing issues than the bloodiest conflict in far-away Europe since World War II. Beijing says any peace process needs to have the participation of both Russia and Ukraine, and has floated its own ideas for peace.
Russian troops who now control nearly a quarter of Ukrainian land in the east and south have made some territorial gains in recent months. When talk of a Swiss-hosted peace initiative began last summer, Ukrainian forces had recently regained large swaths of territory, notably near the cities of southern Kherson and northern Kharkiv.
Against the battlefield backdrop and diplomatic strategizing, summit organizers have presented three agenda items: nuclear safety, such as at the Russia-controlled Zaporizhzhia power plant; humanitarian assistance and exchange of prisoners of war; and global food security – which has been disrupted at times due to impeded shipments through the Black Sea.
That to-do list, encapsulating some of the least controversial issues, is well short of proposals and hopes laid out by Zelenskyy in a 10-point peace formula in late 2022.
Putin’s government, meanwhile, wants any peace deal to be built around a draft agreement negotiated in the early phases of the war that included provisions for Ukraine’s neutral status and limits on its armed forces, while delaying talks about Russia-occupied areas. Ukraine’s push over the years to join the NATO military alliance has rankled Moscow.
With much of the world’s focus recently on the war in Gaza and national elections in 2024, Ukraine’s backers want to return focus to Russia’s breach of international law and a restoration of Ukraine’s territorial integrity.
The International Crisis Group, an advisory firm that works to end conflict, wrote this week that “absent a major surprise on the Bürgenstock,” the event is “unlikely to deliver much of consequence.”
“Nonetheless, the Swiss summit is a chance for Ukraine and its allies to underline what the U.N. General Assembly recognised in 2022 and repeated in its February 2023 resolution on a just peace in Ukraine: Russia’s all-out aggression is a blatant violation of international law,” it said.
Source: AP
15, June 2024
Revealed: Biya reopens Glencore corruption case with UK Fraud Office 0
President Paul Biya has authorized a legal procedure to involve the UK Serious Fraud Office (SFO) in the Glencore corruption case, local media outlet Eco Matin reported on June 14, 2024. A source at the Ministry of Finance confirmed the report but provided no further details.
The specifics of the request authorized by Biya remain unclear. However, the case, which was previously settled with the SFO in May 2022, saw the Swiss commodities trader Glencore plead guilty and agree to a nearly $400 million fine. Overall, Glencore committed to paying $1.5 billion to the governments of the United States, Brazil, and the United Kingdom.
Moreover, Glencore agreed to various penalties in Switzerland and the Democratic Republic of Congo, totaling over $210 million. In Cameroon, the case drew significant media attention, with the National Anti-Corruption Commission closely monitoring developments.
The National Hydrocarbons Corporation (SNH), managing oil on behalf of Cameroon, stated in May 2022 that it did not recognize the allegations and had contacted US and UK authorities to understand the basis of these claims.
Glencore admitted that between 2006 and 2014, one of its subsidiaries used $21 million, at least in part, to bribe Cameroonian government officials in oil transactions involving public or semi-public entities, namely SNH and SONARA. The company acknowledged making a $67 million profit from these illicit transactions. Details on how the case has progressed within Cameroon’s justice system are scant. The National Anti-Corruption Commission (CONAC) claimed to be handling the matter, and the Special Criminal Court, responsible for corruption and embezzlement cases involving public officials, was involved, but no public updates have been provided.
Between March 2017 and June 2019, Glencore purchased 8.1 million barrels of oil from Cameroon, according to the Extractive Industries Transparency Initiative. In 2021, the company bought 137,808 barrels.
It remains uncertain whether President Biya’s decision aims to identify internal culprits or further investigate the extent of corruption beyond the periods acknowledged by Glencore. Future developments will shed more light on the case.
Source: ecofinagency